de minimis exemption – Charm

Explainer | What Hongkongers should expect with official end of ‘de minimis’ exemption by US

Cs news3 months ago02 mins

Washington ended the “de minimis” exemption for mainland China and Hong Kong on Friday, which had allowed products valued at US$800 or below to be shipped to the United States duty-free. While there are indications Washington and Beijing are moving towards easing their tit-for-tat tariff war, businesses in Hong Kong and the mainland have already…

Explainer | How will Hong Kong businesses brace for impact as US-China tariff war escalates?

Cs news4 months ago01 mins

Hong Kong businesses are expected to feel the bite from Washington’s 34 per cent reciprocal tariff, with the United States being the city’s second-largest export market, accounting for US$37.9 billion in merchandise in 2024. Beijing, meanwhile, has also hit back with a 34 per cent tariff on imported American goods in addition to existing duties,…